/XMR/ Monero General: Friday Edition

[Anonymous No.20245362]

This daily general is for supporters of the cypherpunk ideology to hang out and help noobies learn about Monero, the most fungible cryptocurrency. A cypherpunk is any activist advocating widespread use of strong cryptography and privacy-enhancing technologies as a route to social and political change.

We believe that Monero is the logical continuation of Bitcoin because it offers superior privacy, leading the way to many potential use cases. Discussion points include rising Dark Net adoption, news articles about Monero, daily transaction totals, and new technology updates to the Monero project.

Moonboy posting is discouraged, however price speculation and TA is fine.

Links:
Overview: https://web.getmonero.org/get-started/what-is-monero/
Daily Transaction Totals: https://bitinfocharts.com/comparison/monero-transactions.html
Mining Introduction: https://web.getmonero.org/get-started/mining/
Merchants that accept Monero: https://web.getmonero.org/community/merchants/
Crypto ATMs: https://coinatmradar.com/bitcoin-atm-near-me/

[Anonymous No.20245418]

>>20245362
0.01 BTC by EOM
wait, no this is xmr, slow and steady, i guess EO next

[Anonymous No.20245436]

>>20245362
>4Jews id
oh god, that's bad luck isn't it?

[Anonymous No.20245632]

>>20245436
4jews is based.
Jews are going to hide their money in Monero.
Bullish

[Anonymous No.20246207]

Monero-chan is cute! Cute!

[Anonymous No.20246425]

>>20245632
lmfao. this is true.
I've actually always assumed that Monero won't be outright banned because it is simply too useful for the elite. It'll be one of those things that everyone will have to get used to because it benefits literally everybody.
>>20245418
Eh. Our ratio at least bounced to 0.0073. That's an improvement. We'll see if we can hold it. Monero has actually performed pretty solidly over the past month, which is nice to see. The lack of pumps is because people are buying Monero to use it, and the Monero team isn't advertising their improvements with flashy presentations like all the Erc scams. The day when we start to see demand outpace supply will be glorious however.
>>20246207
<3

[Anonymous No.20246494]

>>20246425
ETHBTC also made a higher high, could be a good sign for XMRBTC too

[Anonymous No.20246528]

>>20246425
I hold XMR like I hold Bitcoin. Actually I regularly doubt about converting my bitcoin into xmr.

[Anonymous No.20246686]

is an unknown amount the make it stack?

[Anonymous No.20247057]

>>20246686
yes

[Anonymous No.20247085]

>>20246528
https://medium.com/coinmonks/bitcoin-security-a-negative-exponential-95e78b6b575
"Assuming fees stay constant (or increase in pace with price) the only way to have a constant security factor would be to steadily increase block rewards in proportion to total supply so that Bitcoin had a constant X% inflation rate — which the community would never accept."
This is what XMR does
OR
"But why would total fees paid suddenly increase as the block reward drops? Users always want to pay minimal fees. Based on current figures, fees would need to go up 37x to compensate for the halvening in 2020."
Bitcoin becomes a cryptocurrency that cannot be used for any kind of small transaction. The fees demand transaction sizes of the level of business and government.

[Anonymous No.20247169]

>>20247085
I know tail emission of xmr. its also not even that ba acccording to the charts ive seen.

xmr is super scarce and will stay super scarce even when tail emission kicks in.

[Anonymous No.20247456]

>>20247169
the idea is that tail emission of xmr is to allow scaling by keeping a reliable security budget and payments to miners. xmr is scarce

[Anonymous No.20247741]

>>20247456
I know fren I know, XMR is genius. I read some rumours satoshi is one of the 5 anonymous lead devs of xmr ( 5 of the 7 lead devs are anon )

[Anonymous No.20247845]

One of my favorite cryptos. Bullish AF. This isn't a pozed kiked shit like Zcash or a fake private coin like Dash.

My main concern is about Fluffypony's resignation. Is that why XMR is so cheap nowadays?

[Anonymous No.20247881]

>>20247845
it's not really a resignation, the point is that he's not the number 1 guy "CEO" of monero anymore

[Anonymous No.20247884]

>>20247845
>Fluffypony's resignation

fluffy isn't even an important developer, he's just a public face. as I said, the most important (5) main developers are completely anonymous. He also wasn't a very good public face and thats why he left / was made to resign.

[Anonymous No.20247921]

>>20247884
Similar to digibyte's Jared Tate, even. Interesting

[Anonymous No.20247922]

>>20247881
there is no ceo of xmr. theres just 2 public "faces" and one of them was fluffyponey. the most important ones are anony

[Anonymous No.20247960]

>>20247921
DGB is also one of my favorite assets after I learned about it. XMR and DIGI r pretty good.

Most people dont know vitalik and frens premined 70million ETH., worse than the dash premine.

[Anonymous No.20247971]

[Anonymous No.20247980]

>>20247881
>>20247884
>>20247922
All right, I thought he was like a super core dev. Good to see it's nothing like the end of XMR.

Thanks!

[Anonymous No.20248286]

>>20245362
Monero has its guts.
Node/wallet seperation
Scarcity
Fungibility
Privacy
Dynamic block size
Miner reward is independent from the fees
Asic resistance
And a nice community

[Anonymous No.20248831]

>>20247980
If you're interested in fluffypony, you should check out Tari.
>>20248286
based
>>>20247971
sup based comfy anon

[Anonymous No.20249595]

>>20245362

ok bros unironically what is the suicide stack for this?

[Anonymous No.20249624]

>>20249595
The suicide stack for XMR is [unknown amount]

[Anonymous No.20249735]

The list of Monero species is quite dense and goes like this.
0.) Cthulhu (200 000+ XMR)
1.) Leviathan (100 000+ XMR)
2.) Blue whale (60 000+ XMR)
3.) Orca (40 000+ XMR)
4.) Narwhal (20 000+ XMR)
5.) Dolphin (10 000+ XMR)
6.) Shark (5 000+ XMR)
7.) Black Marlin (2 000+ XMR)
8.) Wels catfish (1 000+ XMR)
9.) Tuna ( 500+ XMR)
10.) Electric eel (200+ XMR)
11.) Norwegian Delicious Salmon (100+ XMR)
12.) Gadidae (50+ XMR)
13.) Salmonidae (20+ XMR)
14.) Gilt-head bream (10+ XMR)
15.) Atlantic mackerel (5+ XMR)
16.) Herring (2+ XMR)
17.) Goldfish (1+ XMR)
18.) European pilchard (0.5+ XMR)
19.) Dwarf Goby (0.2+ XMR)
20.) Paedocypris (0.1+ XMR)

[Anonymous No.20249967]

>>20249735

I told you this was gay yesterday. Stop posting it please.

[Anonymous No.20250154]

>>20249967
I'm actually only posting it for you.

[anonymous No.20250580]

Get in bros
We're pumping!

[Anonymous No.20250866]

>>20250580
xmrbtc 200 daily ma could be flipping positive

[Anonymous No.20251351]

>>20250580
xmr should never have gone below 0.01 butts
its a fire sale!!!!!!!

[Anonymous No.20251586]

Bros... is it finally happening? The fake pumps don't normally last this long. Right? Did the market finally notice our comfy little coin?

[Anonymous No.20251625]

>>20251586
xmrbtc pair looks like it bottomed out at the floor, probably up from this

[Anonymous No.20252474]

>>20251586
I doubt it. We are slowly gaining ground in user base and transactions this month are on track to be the highest ever for a month period. However we still need more time to grow and to eat through this oversupply.

[Anonymous No.20252705]

>>20246207
HAUUU~~~ I WANNA TAKE HER HOME~!

[Anonymous No.20252790]

0xMR

[Anonymous No.20253991]

>>20252705
just wait until you find out she has some nudes floating around ;)

[Anonymous No.20254979]

>>20252474
oversupply?

[Anonymous No.20255080]

>>20254979
Yeah because the block reward is falling so steeply, I believe there is an oversupply of Monero that is keeping prices down and our ratio down. I might be wrong, but even so, demand is not higher than supply.

[Anonymous No.20256033]

bump

[Anonymous No.20256529]

>>20255080
good thing that demand is steadily increasing based on txs per day then. if there's oversupply it doesn't seem like that much

[Anonymous No.20256910]

>>20249967
this is from monero IRC u deformed worm

[Anonymous No.20257266]

>>20256910
regardless of source, "Paedocypris" is a rather amusing choice of name for rank 20

[anonymous No.20257406]

>>20251586
it's happening

[Anonymous No.20257532]

>>20257266
Paedocypris is a genus of tiny cyprinid fish found in swamps and streams on the Southeast Asian islands of Borneo, Sumatra and Bintan. Paedocypris progenetica has been claimed to be the one of smallest known species of fish in the world.

[Anonymous No.20257812]

>>20246207
XMR is the comfiest hold and Monero-chan is the cutest waifu

[Anonymous No.20259028]

Bump

[Anonymous No.20259867]

If Tari runs on MimbleWimble, what is its relationship to XMR?

[Anonymous No.20259899]

>>20259867
Merge mined with Monero
https://www.tari.com/

[Anonymous No.20259945]

>>20259899
Interesting. Thanks, Anon. What about this page on MimbleWimble?

https://tlu.tarilabs.com/protocols/mimblewimble-1/MainReport.html

[Anonymous No.20260261]

Can I dodge taxes somehow by putting all my holdings into monero, which seems untraceable, then pretending I lost them all and withdrawing them after tax season?

[Anonymous No.20260448]

>>20260261
once you withdraw it the exchange will notify the IRS if it is over a certain amount. You will then have to pay a tax on the appreciation from when you first bought monero to when you cashed out.
to avoid taxes in minecraft, i'd recommend local monero and just slowly cashing out, or by moving to a crypto tax haven. But in America, you are pretty much boned if you are cashing out through an exchange.

[Anonymous No.20260722]

>>20259945
Mimblewimble is used in Tari for confidential transactions

[Anonymous No.20261157]

>>20245362
>Moonboy posting is discouraged, however price speculation and TA is fine.
Ok, my two cents is that monero will never really moon but has a very strong chance of still be around longterm, the catch is that it will not rise much in value because it is inflationary by nature, which is fine as it was made to be a currency not a store of value.

The only two problem faced longterm is that monero will very likely be outlawed in the decades to come, making it harder to convert into cold hard cash or the other way around. The second problem, more critical l, is the same as every cryptocurrency : no intrinsic value. Monero might still run long by pure speculative value only, but how long?

[Anonymous No.20261194]

>>20261157
>inflationary by nature, which is fine as it was made to be a currency not a store of value.
It has lower inflation than gold.

>outlawed
The elite will/is using monero.

[Anonymous No.20261221]

>>20261157
>no intrinsic value.
Bread has intrinsic value. Maybe you should speculate on that?

[Anonymous No.20261571]

>>20261157
There will be less monero than bitcoin until the year 2040.
Also Monero has value because it has demand (financial privacy) which is needed on the dark net. That alone gives it value. But there are dozens of other use cases that will also give it value.
And no monero won’t be banned. They said the same thing about bitcoin.

[Anonymous No.20261715]

>>20261157
>the catch is that it will not rise much in value because it is inflationary by nature, which is fine as it was made to be a currency not a store of value.
the emission will be below bitcoin for years though. there is plenty potential upside.

[Anonymous No.20261717]

>>20261221
What a stupid comment

>>20261194
Fair points

>>20261571
You buy monero in order to buy something on the darknet, and your dealer sell monero to make his profit. One buy, one sell of equal value, business on the darknet does not raise monero price, speculation does.

[Anonymous No.20261728]

>>20261715
There is potential upside I agree

[Anonymous No.20261839]

>>20245362
Monero upside is limited. Dero is the privacy platform to watch. No one on this board is talking about it, probably a good sign

[Anonymous No.20261966]

>>20261839
>No one on this board is talking about it, probably a good sign
Not really, there are many privacy coins that are untested and have no liquidity. Every feature a new privacy coin tries to add is pointless compared to monero's proven privacy and reliability. Dero's gimmick of private smart contracts isn't unique.

[Anonymous No.20261980]

>>20261717
>You buy monero in order to buy something on the darknet, and your dealer sell monero to make his profit. One buy, one sell of equal value
so you just assume that a dealer is selling all of his monero? revenue = profit? brash assumptions.

[Anonymous No.20261985]

>>20255080
>I believe there is an oversupply of Monero that is keeping prices down and our ratio down
based on any sort of data or just you being a bear?

[Anonymous No.20261995]

>>20250580
>>20251586
>>20257406
IT'S HAPPENING

[Anonymous No.20262025]

I actually think it has significant upside, if it manages to absorb a % of the mcap some of these bitcoin clones have. With the exception of maybe ltc, the others are literally pointless as currencies.

[Anonymous No.20262679]

>>20261980
Some might keep a little part of it, but then that's just part of the speculation I was talking about. Can an asset sustain its value from speculation alone? That would be a first in humanity's history

[Anonymous No.20262685]

>>20246207
the only animoo girl i ever saved

[Anonymous No.20262709]

>>20261157
> the catch is that it will not rise much in value because it is inflationary by nature, which is fine as it was made to be a currency not a store of value.

you haven't done your research or just went with absolute retards told you about monero. XMR tail emission is genius, XMR is more scarce than Bitcoin and will be for decades. the tail emission you call "inflation" is a percent or less / yearly

[Anonymous No.20262739]

>>20262709
chart related shows ~3pct because these are the last few months before tail emission kicks in.

take a good look at this chart. do you understand it? total amount of xmr is 18million then tail emission kicks in ( scarcer than bitcoin ) this chart i post right here ends at 2020, but xmr will be more scarce than bitcoin for another decade or two, from then on it will be "slightly" less scarce, but there wont be 25 million the next 50 years, it will stay relatively very scarce compared to other assets in the market. the inflation is also low. tail emission is genius. the chain can operate further without having to switch to an unproven fee based model, a which bitcoin eventually has to do.

[Anonymous No.20262749]

>>20262709
this picture was taken before the halving btw its outdated. 6 months or so outdated

xmr has a gradual, inflation cut. check chart here, no 4 yearly cuts, cuts every block.

>>20262739

its genius, as i said

[Anonymous No.20262770]

Zooko is posing as a hispanic woman to get extra covid bucks for the Electric Coin Company.

[Anonymous No.20262953]

What do you guys think about LOKI? Looks kino to me

[Anonymous No.20262987]

>>20262770
lmao hilarious.

[Anonymous No.20263229]

what about zcoin zcash dash and bytecoin(scam)?

[Anonymous No.20263885]

>>20262679
It seems that you have no clue what value is in the first place.

[Anonymous No.20263892]

0xMonero

[Anonymous No.20263973]

Whats the makeit/Suicide stack for XMR?

[Anonymous No.20264451]

>>20263973
See >>20249624

Or maybe you aspire to be a certain type of fish >>20249735

[Anonymous No.20264951]

>>20255080
it's randomX it allows people in shitholes like venezuela to transform electricity into hard currency and they dump fast for btc to exchange for their shitcurrencies due to lack of xmr demand.

But this is bullish long term as it means that miners keep the price at a base level and are not manipulating the market.
This shit is acting like a stablecoin already due to it's low inflation (kind of like btc since the halving) , will be very interesting to see how it acts next year with absurdly low inflation.

[Anonymous No.20264966]

>>20245436
Kek i just remembered this thread on pol

https://archive.4plebs.org/pol/thread/243365345/#243370365

[Anonymous No.20265578]

>>20264966
Hey there based time traveler, what is the future price of xmr, say in EOY 2021?

[Anonymous No.20265716]

>>20245362
Monero (monedero) is a fucking Mexican cartel project. The whole thing reeks of Mexico.
Probably bullish.

I'm Mexican btw.

[Anonymous No.20265808]

>>20245362
4JEWS

[Anonymous No.20266785]

bump

[Anonymous No.20266951]

>>20245362
Solid performance in terms of usd and btc last week...might it finally be happening?

[Anonymous No.20267280]

>>20261717
You are missing my point entirely anon.
You said that Monero does not have intrinsic value. I explained that it's utility of financial privacy gives it value, because no other cryptocurrency has the attributes that Monero has. This utility is what is causing a long term rise in daily transactions as we continue to become adopted on the dark net. Individuals on the dark net who move to greater privacy will never move back to no privacy (bitcoin).
And just you wait until all the other use cases for something like Monero are discovered (swiss bank 2.0, divorce rape hedge, counter against the passive surveillance dragnet, hedge against digital only economies, donations to "wrongthink" political organizations, use in authoritarian regimes, etc).
>>20261985
see >>20262739
I am just shooting from the hip, but I think that it is realistic that there is an oversupply right now that we are slowly munching through.
>>20264951
We need to have some venezuela anons clear the air on this. I've heard so many wildly different takes on what is happening over there. To be honest I don't see this as being that realistic. I do know that a lot of them are putting money into crypto as a hedge against their awful crypto, but are they actually mining over there? Would love to be proven wrong on this but I don't see it.
>>20266951
I've been waiting for a market wide dump for a while, but I think I'm putting down another payment today for an unknown amount of monero. We might shoot up on the btc ratio.

[Anonymous No.20267328]

>>20267280
hedge against their awful fiat*

[Anonymous No.20267778]

>>20267280
My wife's family are Venezuelan. I've visited Caracas lots of times (I'm British) The last time I was there was 2018. Most Venezuelans mine there via Nicehash. However crypto payments there are not uncommon at all. When I was there in 2018 a large amount of small shops and places like computer stores, mobile phone shops around sabana grande took payments in Crypto, The majority being in either BTC, ETH, LTC and XMR. I only know one person there mining XMR and he's quite technical. The majority of the miners there are surprisingly normies using nicehash.

[Anonymous No.20268072]

>>20267280
I just keep watching txn volume go up
Cash by mail volume go up via localmonero and every day the block reward drops

Its like a comfy money hug about to happen

[Anonymous No.20268137]

>>20267778
thanks for the write up anon. Because it's so easy to mine monero with randomx, there definitely needs to be more outreach to people in venezuela to help them out. that's very interesting that crypto payments are not uncommon. For example, I remember seeing the other day you can order a passport in venezuela from the government website in bitcoin.
>>20268072
well if it's as aggressive of a mooning as some anon's believe, it is going to be pretty intense to watch. Until then, I keep stacking ;)

[Anonymous No.20268940]

0xMR

[Anonymous No.20269025]

>>20268137
Im one of those believers
Craziest thing is that 0.1 btc is more than a 10x from here
And we arent stopping there

[Anonymous No.20269078]

how to cope with being on cryptos since 2011, selling XMR in 2016 and still being poor? send help. 80 million GBP is the max i could have cashed out if i'd sold everything at their peaks.

>>20267280
>Individuals on the dark net who move to greater privacy will never move back to no privacy
can confirm this. the reason i've got fuck all money is a darknet addiction of 9 years. go look at empire market and see for yourselves how many sellers now accept XMR.

[Anonymous No.20269654]

>>20269078
I heard the best market only accepts xmr- is this true?

[Anonymous No.20270450]

>>20269654
i don't think that's right to be honest. but it's massively more prominent on DNM's the more time goes on, no two ways about that.

[Anonymous No.20270646]

>>20269654
the fastest growing marketplace this year is whitehouse market, and they deal exclusively in Monero. They are a key reason to our growth in userbase.
>>20269078
how long do you think until the market is predominately in Monero? Because Bitcoin is still clearly the most used.

[anonymous No.20270986]

most markets are multicurrency,
Anyone new that starts using the markets will use monero, so it's just the old fags that need to be on-boarded.

Atomic swaps are currently being worked on, which should help:
https://ccs.getmonero.org/proposals/h4sh3d-atomic-swap-research.html

[Anonymous No.20271040]

>>20262025
How is lct not pointless?

[Anonymous No.20271070]

I was joking with my dad the other day how fucking retarded you XMR fags are because you all think you can tax evade or hide money divorces with Monero

JUST

[Anonymous No.20271113]

>>20263885
There is subjective value and intrinsic value. Assets have intrinsic value the moment you can use them in anyways other than currency. One exemple is a silver coin, you can use it as currency yes but even in a world where nobody accept your coin as payment you can still melt it and make jewlry for exemple, while if you find nobody to accept your monero you can't do anything with it. It has subjective value yes but no intrinsic value.

[anonymous No.20271137]

>>20271070
What are you talking about anon?
Privacy is not secrecy, Monero has view keys for your spouse and the tax authorities.

Good luck with someone breaking into your house, because someone from coinbase leaked your btc addresses.


"

Civilization is the progress toward a society of privacy. The savage's whole existence is public, ruled by the laws of his tribe. Civilization is the process of setting man free from men.

Ayn Rand
"

[Anonymous No.20271155]

>>20267280
You make a powerful argument, I'm still not quite convinced for the reasons I stated but I think it is possible that the crypto community might pull it off, create an asset that keeps its value despite not being backed by anything but speculation.

[Anonymous No.20271423]

How does Monero compare to GHOST (particl), which one is superior?

Also, cant find the source of this pic, is it legit?

[Anonymous No.20271498]

>>20271423
Monero, because it's proven to work and it has years of use. Ghost claiming it has community driven governance and that Monero has none is a lie. Monero's one of the most community driven coins available. Chart is half-truth marketing.

[anonymous No.20271513]

>>20271423
pos will work with eth, because at one time it was pow

btw ghost is a scam faggot

[Anonymous No.20271544]

If 1 (one) privacy flaw was found wouldn't XMR go to zero? :(

[Anonymous No.20271604]

>>20271513
Scam or not, is particl a better tech?

>>20271498
Im more inclined to know which coin has better tech, not community

[anonymous No.20271609]

>>20271544
privacy is a moving target
monero is ahead of the game and constantly improving

[Anonymous No.20271999]

>>20271604
particl is optional privacy. which means it's trash. all of monero's transactions are equally private. The highest type of privacy particl can achieve is Monero but without stealth addresses.
That chart you posted is fucking hilarious btw.
They make it seem like masternodes are a good thing.
They make it seem like POS is a good thing.
They have a section for "community driven and integrated governance" but they don't include Monero, which has no dev tax, no premine, and all the funding is literally by donation. It's by far the most grassroots of all those coins.
They include "p2p marketplace" which is pointless because marketplaces already exist, especially on the dark net, and nobody is using ghost or particl shitcoins. They use Bitcoin because of network effect, but now they are switching to Monero because it has the best built in privacy.
They mention encyrpted chat, as if those also don't already exist.
And then there are a lot of asterisks because none of the technology actually exists because Ghost is a scam.
Monero already works and is being adopted. It has a large amount of developers who are constantly doing research.

[Anonymous No.20272076]

>>20271604
Monero has better tech, you can even see that on the biased table posted before.

[Anonymous No.20273043]

The only reason why Monero isn't banned is maybe because certain agencies already know how to track transactions on its chain. Whatever you do: Don't buy or sell explosives!

[Anonymous No.20273099]

>>20271423
Ghost is a total scam and is a nothing more than bottom of the barrel shitcoin. I would go as far to say that Ghost is probably the one of if not the shittiest Crypto project ever launched. The dev team don't even know how erc20 tokens or wallets work. You would be better off just burning your money.

[Anonymous No.20273118]

>>20270646

For me, I think that's the wrong question. All that matters is that the transaction #'s keep increasing, and we're damn near ATH right now for such a "dead project".

[Anonymous No.20274186]

>>20273043
>The only reason why Monero isn't banned is maybe because certain agencies already know how to track transactions on its cha
You vastly overestimate the competency of bureaucrats

[Anonymous No.20274288]

>>20273118
>>20270646
Will Monero ever break 51% dominance? I think it could if Tari gets traction.

[Anonymous No.20275378]

>>20274186
Lol there isn’t a single politician in DC that knows that monero is. I’d bet money on it

[Anonymous No.20275454]

>>20275378
i mean europol has explicitly written about monero; i think that might be a bit of an extreme.

[Anonymous No.20275771]

>>20275378
BTW There are politicians in DC aware of bitcoin, ethereum, and digibyte. That's all confirmable.

[Anonymous No.20275893]

It's happening we are about to hit $70

[Anonymous No.20276740]

>>20275893
it is still going, wow

[Anonymous No.20277148]

>>20245362
What's your guys XMR to LOKI holdings ratio?

[Anonymous No.20277186]

>>20277148
Nobody holds your shitcoin faggot